Biomarkers are measurable indicators that can be used to diagnose and monitor disease progression in animals. Veterinary biomarkers are used in the diagnosis and treatment of various animal diseases, including cancer, diabetes, and cardiovascular diseases. The global veterinary biomarkers market is expected to grow significantly in the coming years, driven by the increasing demand for animal healthcare and the development of new biomarkers for animal diseases.
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The Global Veterinary Biomarkers Market was valued at USD 432 million in 2021 and is expected to reach USD 647 million by 2030, growing at a CAGR of 4.8% from 2022 to 2030. The increasing demand for animal healthcare and the growing adoption of companion animals are the primary drivers of market growth.
Key Players Influencing the Veterinary Biomarkers Market: ACUVET BIOTECH, Antech Diagnostics, Inc., Avacta Animal Health Limited, COBO SCIENTIFIC ApS, Diapharma, Life Diagnostics, Mercodia AB, Veterinary Biomarkers, Inc., Zoetis, Other Market Participants
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Drivers: One of the primary drivers of the veterinary biomarkers market is the increasing demand for animal healthcare. Pet owners are increasingly aware of the importance of regular veterinary check-ups and preventive care for their pets, leading to increased demand for diagnostic tests and biomarkers to diagnose and monitor animal diseases. Another driver of the veterinary biomarkers market is the growing adoption of companion animals. The increasing number of pet owners worldwide has led to an increase in demand for veterinary services and products, including biomarkers. The growing trend of pet humanization has also led to increased spending on animal healthcare, driving market growth.
Restraints: One of the primary restraints of the veterinary biomarkers market is the high cost of biomarker development and testing. The development of new biomarkers for animal diseases requires extensive research and development and clinical trials, which can be expensive. This can limit the adoption of biomarkers in veterinary healthcare, particularly in developing regions. Another potential restraint is the regulatory hurdles associated with the approval of veterinary biomarkers. The development and approval of veterinary biomarkers are subject to regulatory oversight, which can be time-consuming and expensive. This can limit the availability of biomarkers for use in animal healthcare.
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Our 420+ Pages Report titled, Veterinary Biomarkers Market will include extensive information on the following pointers:
- Global market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
- Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
- Years Considered (2015 – 2030)
- (Historic Years: 2015 – 2020
- Base Year: 2021
- Forecast Years: 2022 – 2030)
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Trends)
- Analysis on Impact of Covid-19 on Global Veterinary Biomarkers Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Regulatory Landscape
- PESTEL Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- (Mergers and Acquisitions
- Product Launches
- Investments Trends
- R&D Initiatives)
- Market Share Analysis, 2021
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
- Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
- The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Veterinary Biomarkers Market Segmentation:
By Animal Type
- Companion animals
- Farm Animals
By Product Type
- Testing Kits
- Reagents
By Diseases Type
- Inflammatory Diseases
- Infectious Diseases
- Cardiovascular Diseases
- Tumors
- Others
By End Users
- Veterinary Hospitals
- Veterinary Clinics
- Research Centers
- Others
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